Gartner cuts global IT spending forecast

Forecast down to 3.7% growth as Eurozone crisis and hard drive shortages impact spending

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Gartner cuts global IT spending forecast Gartner predicts slower than expected spending across all IT sectors in 2012.
By  Mark Sutton Published  January 16, 2012

Gartner has cut its forecast for global IT spending growth in 2012.

The analyst company now expects spending to increase just 3.7%, compared to its previous forecast of 4.6%, as all sectors of the IT market have slowed down.

Worldwide spending is now forecast to be $3.8 trillion dollars, with the Eurozone crisis and hard drive shortages both impacting on markets.

In 2011, worldwide IT spending totaled $3.7 trillion, up 6.9 percent from 2010 levels.

By sector, Gartner expects to see computer hardware sales grow by 5,1% to $424bn; enterprise software sales up 6.4% to $285bn; IT services up 3.1% to $874bn; telecom equipment sales up 6.9% to $475bn and telecom service up 2.3% to $1.74tn.

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